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$WFC 2Q15 Call: To the point of entering new markets, we adjust our store footprint meaningfully every year by opening and closing stores where we see fit. We believe that we need a certain amount of scale in any urban market before we can make a difference. We’re in most markets that we like to be in and we will not get there through acquisition.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.